News on Indian Economy
The RBI Retail Direct Scheme is aimed at enhancing access to government securities market for retail investors. It offers them a new avenue for directly investing in securities issued by the Government of India and the State Governments. Investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
According to the publication, the presence of private Indian players like PhonePe, PayTM, RazorPay as well as international giants like GPay, PayPal, PayUmoney, etc the most successful and user-friendly interface has been that of BHIM (Bharat Interface for Money) launched by the government of India.
E-Amrit is a one-stop destination for all information on electric vehicles—busting myths around the adoption of EVs, their purchase, investment opportunities, policies, subsidies, etc.
Welcoming the United States of America as the 101st member of the ISA,Union Minister for Environment, Forest & Climate Change, Shri Bhupender Yadav said, that this move will strengthen the ISA and propel future action on providing a clean source of energy to the world.”
Government under the leadership of Hon’ble Prime Minister Shri Narendra Modi has approved Reservation norms for mandatory use of jute in packaging for the Jute Year 2021-22 (1st July, 2021 to 30th June, 2022). The mandatory packaging norms approved for Jute Year 2021-22 provide for 100% reservation of the foodgrains and 20% of sugar to be compulsorily packed in jute bags.
National Internet Exchange of India (NIXI) is a not-for-profit Company under the aegis of the Ministry of Electronics and Information Technology (MeitY) with the mission to make the internet accessible to everyone. To facilitate its customers and partners, NIXI has gone digital by enabling digital payments across its three business units by integrating payment gateways on all its customer-facing websites for ease of use.
The Survey had said growth will be reinforced by supply-side drive from modifications and easing of regulations, boost for infrastructural investments, improvement to manufacturing sector through Production-Linked Incentive (PLI) schemes, recovery of stifled demand, rise in flexible consumption subsequent to rollout of vaccines and pick-up in credit given passable liquidity and low interest rates.
India could re-start deliveries of COVID-19 shots to global vaccine-sharing platform COVAX in a few weeks for the first time since April 2021 stated two health industry sources, concluding an interruption of supplies that has hurt 8 poor countries.
According to All India Sugar Trade Association (AISTA), Sugar mills have exported 2.76 lakh tonnes of sugar in the last 40 days of the current marketing year with maximum shipments to the UAE and has over 1.44 lakh tonnes of sugar is under loading.
He added that services sector provides employment to nearly 2.6 crore people and contributes approximately 40% to India’s total global exports. He added that Services trade surplus was $89 bn in FY 2020-21 and it has been the largest FDI recipient (53% of FDI inflows 2000-2021).
